Daily SPAC Update – May 23, 2025

by | May 23, 2025

Target Global Acquisition Deal Officially Terminated After Dispute. Bannix Deal with VisionWave Technologies Approved. Chenghe Acquisition II + Pollbeli Group Deal Vote.

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Daily SPAC Update

SPAC VOTE RESULTS
BNIX – BANNIX ACQUISITION CORP * Deal Approved with VisionWave Technologies Inc. * 83,313 redeemed * $963,931 removed * trust $11.57

MERGER VOTES
CHEB – Chenghe Acquisition Ii Co Polibeli Group Ltd

EXTENSION VOTES
DYCQ – DT CLOUD ACQUISITION CORP * extend to August 23, 2026

SPAC DEAL & EXTENSION VOTES SET
GMFI – Aetherium Acquisition Corp * EXTENSION VOTE SET: May 30, 2025 * trust $11.41

OTHER SPAC NEWS
TGAAF – TARGET GLOBAL ACQUISITION I CORP * Deal Termination
IRRX – INTEGRATED RAIL & RESOURCES ACQUISITION CORP * Investor Deck

SEPARATE WARRANTS/RIGHTS
Jun 02: COPLEY ACQUISITION CORP (COPL)
May 27: UY SCUTI ACQUISITION CORP (UYSC)
May 23: SIZZLE ACQUISITION CORP II (SZZL)
May 23: SOULPOWER ACQUISITION CORP (SOUL)

NEW SPAC IPOs
May 23: CRA – Cal Redwood Acquisition Corp. $200M IPO
May 22: OYSE – Oyster Enterprises Ii Acquisition Corp $220M IPO
May 21: AACI – Armada Acquisition Corp. Ii $200M IPO
May 21: PCAP – Procap Acquisition Corp $220M IPO

SPAC Movers

YESTERDAY’S TOP SPAC GAINERS
16.00% ~ $ 49.95 | CEP – CANTOR EQUITY PARTNERS INC (Announced)
12.57% ~ $ 12.09 | BOWN – BOWEN ACQUISITION CORP (Announced)
7.76% ~ $ 14.17 | DMYY – DMY SQUARED TECHNOLOGY GROUP INC (Pre-Deal)
3.24% ~ $ 14.00 | CLBR – COLOMBIER ACQUISITION CORP II (Announced)
1.57% ~ $ 12.30 | CEPO – CANTOR EQUITY PARTNERS I INC (Pre-Deal)

YESTERDAY’S TOP SPAC LOSERS
-3.38% ~ $ 10.30 | CHEB – CHENGHE ACQUISITION II CO (Announced)
-2.36% ~ $ 11.18 | YOTA – YOTTA ACQUISITION CORP (Announced)
-1.34% ~ $ 11.75 | RENE – CARTESIAN GROWTH CORP II (Pre-Deal)
-.95% ~ $ 10.38 | SBXD – SILVERBOX CORP IV (Pre-Deal)
-.74% ~ $ 12.00 | IVCA – INVESTCORP AI ACQUISITION CORP (Announced)

LATEST SPAC IPO PERFORMANCE
May 22 | OYSE – Oyster Enterprises II Acquisition Corp
May 21 | $ 10.79 | PCAP – ProCap Acquisition Corp
May 21 | AACI – Armada Acquisition Corp. II
May 16 | $ 10.36 | WENN – WEN Acquisition Corp
May 16 | $ 10.14 | CCCM – Columbus Circle Capital Corp. I
May 15 | $ 11.45 | RTAC – Renatus Tactical Acquisition Corp I
May 15 | $ 10.06 | TVAI – Thayer Ventures Acquisition Corp II
May 14 | $ 10.38 | CCCX – Churchill Capital Corp X
May 13 | $ 10.14 | PMTR – Perimeter Acquisition Corp. I
May 09 | $ 10.09 | EGHA – EGH Acquisition Corp.
May 07 | $ 10.05 | IPOD – Dune Acquisition Corp II
May 02 | $ 10.02 | CGCT – Cartesian Growth Corp III
May 02 | $ 11.27 | CEPT – Cantor Equity Partners II, Inc.
May 02 | $ 10.19 | GTEN – Gores Holdings X, Inc.
May 01 | $ 10.24 | RDAG – Republic Digital Acquisition Co
May 01 | $ 10.04 | COPL – Copley Acquisition Corp
Apr 29 | $ 10.07 | LCCC – Lakeshore Acquisition III Corp.
Apr 29 | $ 10.21 | TACO – Berto Acquisition Corp
Apr 28 | $ 10.46 | DAAQ – Digital Asset Acquisition Corp.
Apr 28 | $ 10.08 | RAAQ – Real Asset Acquisition Corp.
Apr 24 | $ 10.14 | CHAC – Crane Harbor Acquisition Corp.
Apr 24 | $ 10.19 | IPCX – Inflection Point Acquisition Corp. III
Apr 23 | $ 10.06 | NPAC – New Providence Acquisition Corp. III

Recent Analysis

Daily SPAC Update – May 28, 2025

Two More SPAC IPOs. DT Cloud Acquistion Extension Fee Change Approved. Roth CH Acquisition + SharonAI Deal Deck. M3-Brigade V Gets New Sponsor.

Daily SPAC Update – May 27, 2025

Chenge Acquisition II Deal with Polibeli Group Approved but $88M Redeemed. Investcorp Europe + nexxbuild Deal Announced. ASPAC III Terminates with HDEducation and ReUps with Bioserica International.

Daily SPAC Update – May 21, 2025

Two More SPAC IPOs: Armada II $220M and ProCap Acquisition $200M. GlobalLink Investment Extension Vote Set. Welsbach / Evolution Metals Investor Deck. 

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